by Ashley Burleson, Membership and Analytics Director MAPP As the industry heads into a new year, the theme that stands out for 2019 is one of maintaining performance, according to the most recent State of the Industry Report released by the Manufacturers Association for Plastics Processors (MAPP). This is not to be confused with stagnation. On the contrary, many plastics … [Read more...] about Steady Not Stagnant: Strong Performance Continues in 2019
Industry Reports
Report: Global Powder Coatings Market to Hit $16.5 Billion by 2024
According to an industry report from Global Market Insights Inc., Selbyville, Delaware, the powder coatings market is forecast to join the billion-dollar fraternity within seven years, by exceeding a revenue of $16.5 billion by 2024 with a projected compound annual growth rate (CAGR) of 6% over 2018-2024. Strong business outlook with versatile applications, including … [Read more...] about Report: Global Powder Coatings Market to Hit $16.5 Billion by 2024
Plastics Processors Continue to Boost Compensation for Workers
by Ashley (Turrell) Burleson, membership and analytics manager MAPP When comparing wage data from 2017 to 2018, more than 75% of jobs in the US plastics industry experienced wage increases above the current inflation rate of 2.1%. Across the board, plastics manufacturing positions experienced an average of nearly 5% increases in compensation, according to the most recent Wage … [Read more...] about Plastics Processors Continue to Boost Compensation for Workers
Study Released on Blow Molded Containers
According to a market research study by Fact.MR, a research firm in Dublin, Ireland, the broader trends affecting the packaging industry also are influencing the dynamics in the blow molded containers market. Global demand for blow molded containers is likely to reach nearly 33,000 kilotons by the end of 2018, equaling a market value of more than $185 billion. A wide range … [Read more...] about Study Released on Blow Molded Containers
Report: Plastics Industry M&A Activity Solid in 1H 2018
Stout’s Investment Banking group, Chicago, Illinois, has released its Plastics and Packaging update for 1H 2018. Medical plastics and plastic packaging M&A activity led the charge during the first half of 2018, increasing 28% and 11%, respectively, year over year (YOY). Other bright spots included an increase in tool and die, thermoforming and machinery transactions, … [Read more...] about Report: Plastics Industry M&A Activity Solid in 1H 2018